Ragtime Company had the following information for the year:
Direct materials used $117,700
Direct labor incurred (5,100 hours) $153,800
Actual manufacturing overhead incurred $174,200
Ragtime Company used a predetermined overhead rate of $36 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17,900. What was cost of goods manufactured?
a. $437,200
b. $445,700
c. $271,500
d. $455,600
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